May 25, 2013
Ryder (NYSE: R) is a North American truck rental company wich also runs a transportation and logistics consulting business that accounts for around 20% of the company's revenue. 90% of the company's revenues come from North America and the rest comes from Europe. The company has 152,400 commercial trucks, tractors and trailers leased or rented through 600 locations in North America. In 2009, the company earned $4.9 billion in revenue and $62 million in net income.[1]
Due to globalization, demands for commercial transportation worldwide have increased. With the increased volume of commercial transport, the logistics business has become more complex, and legislative changes have placed overhead strains on smaller carriers. For example, transportation companies must comply with Department of Homeland Security and Department of Transportation Security regulations that control who may engage in motor carrier operations and set guidelines for safety and financial reporting. Ryder's large scale makes it possible to absorb these costs without a significant hit to operating margins.
(Read more at Wikinvest
) - Company Overview
- Business Segments[2]
- Business Growth
- FY 2009 (ended December 31, 2009)[1]
- Trends and Forces
- Over 90% revenue exposure to North America and high client concentration a risk in the face of a sluggish US economy
- Continued outsourcing of supply-chain management the primary cause of revenue growth
- Competition
- Commercial Vehicle Rental
- Supply-Chain Management
- References
